date:Feb 21, 2014
0 and 300 small stores this fiscal year, in addition to the 346 currently in operation, and is spending an extra $600 million to do so. It had planned to open 120 to 150 new small stores this year. Wal-Mart operates 4,000 super-centers.
Expansion of Wal-Mart's e-commerce will also eat into this year's profits.
The company expects net sales growth this year to come in at the low end of its forecast range of 3 to 5 percent.
The cuts last year to benefits under the Supplemental Nutrition Assista